Philippine National Bank (PNB) reported a consolidated net income of P18.5 billion for the first nine months of 2025, up 23 percent from the same period last year, driven by higher revenues and improved loan quality.

Total revenues rose 8 percent, supported by a 9 percent increase in loans, a 13 percent growth in investment securities, and an 18 percent rise in fee-based income. Other income sources grew 4 percent due to gains from asset disposals and foreign exchange transactions.

Operating expenses climbed 9 percent in line with the bank’s business expansion. Provisions for impairment and credit losses fell 87 percent, reflecting a significant decline in non-performing loans and improved credit quality.

“The bank is now harvesting the benefits from focusing on the improvement in the quality of the lending portfolio through deliberate acquisition of quality customers and improvements in the credit and lending processes and policies,” said PNB Chief Financial Officer Francis Albalate.

As of 30 September 2025, PNB’s total assets stood at P1.25 trillion, while total liabilities amounted to P1.02 trillion. Capital grew 8 percent compared with December 2024.

PNB President Edwin Bautista said the bank expects steady growth across corporate, commercial, and consumer segments, supported by its digitalization strategy. “The bank’s plan for digitalization will further expand opportunities across all areas of the business as the bank prepares itself for advancing innovations that will prioritize improving service to the bank’s customers,” he said.